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New Zealand: dairy sector
The purpose of this report is two-fold:
- on the one hand, it describes the products that the industry produces, including commodities and various derivatives (butter, concentrated butter, cheese, milk powder, whey powder, casein, etc.);
- on the other hand, it shows the overall exports of processed products - due to surplus production in relation to the population.
Home to a major exports cooperative, the Fonterra Cooperative Group, New Zealand is able to trade its dairy products on the international market.
| NEW ZEALAND: DAIRY SECTOR | ||||||||||
| '000 Ton | ||||||||||
| RAW MATERIAL AREA | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| (Dairy Season)1) | (2020/21) | (2021/22) | (2022/23) | (2023/24) | ||||||
| Dairy cows ('000 head)1) | 4.904 | 4.842 | 4.675 | 4.702 | ||||||
| ± % from previous dairy season | -1,3% | -3,5% | +0,6% | |||||||
| Average litres per cow 1) | 4.426 | 4.291 | 4.428 | 4.369 | ||||||
| ± % from previous dairy season | -3,1% | +3,2% | -1,3% | |||||||
| Milk production (Source: DCANZ) | 21.871 | 21.884 | 21.051 | 21.247 | 21.247 | 21.531 | +1,3% | Jan-Dec 2024 | ||
| Milkfat (%) a) 1) | 4,84 | 4,86 | 4,90 | 4,99 | ||||||
| Protein (%) a) 1) | 3,92 | 3,91 | 3,94 | 3,99 | ||||||
| Farm-gate prices of raw milk (€ x 100 kg, VAT not included) m.g. 4.2%, prot. 3.4% |
30,33 | 36,65 | 42,75 | 33,39 | 33,48 | 35,99 | +7,5% | Jan-Nov 2024 | ||
| ± % Over the same period of the previous year | +20,8% | +16,7% | -21,9% | |||||||
$/Kg milksolids ** 1)
 |
7,76 | 9,52 | 8,76 | 8,90 | ||||||
| DAIRY PRODUCTION | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| Liquid milk (Source: FAS-USDA) | 525 | 530 | 535 | 535 | 535 | 535 | 0,0% | Jan-Dec 2024 | Cheese (Source: FAS-USDA) | 350 | 380 | 375 | 400 | 400 | 375 | -6,3% | Jan-Dec 2024 | Butter (Source: FAS-USDA) | 500 | 470 | 500 | 510 | 510 | 500 | -2,0% | Jan-Dec 2024 | SMP (Source: FAS-USDA) | 362 | 330 | 390 | 390 | 390 | 425 | +9,0% | Jan-Dec 2024 | WMP (Source: FAS-USDA) | 1.570 | 1.600 | 1.400 | 1.400 | 1.400 | 1.420 | +1,4% | Jan-Dec 2024 |
| EXPORT | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| Bulk and packed milk (HS 040110+040120) |
|
243 | 269 | 271 | 235 | 213 | 219 | +2,8% | Jan-Nov 2024 | |
| Cream (HS 040130+040140+040150) |
|
136 | 170 | 156 | 173 | 158 | 170 | +7,8% | Jan-Nov 2024 | |
| Yogurt e buttermilk (HS 0403) |
|
36 | 35 | 35 | 37 | 34 | 38 | +9,6% | Jan-Nov 2024 | |
| Butter (HS 0405) |
|
425 | 398 | 451 | 472 | 429 | 379 | -11,5% | Jan-Nov 2024 | |
| of which: | ||||||||||
| Anhydrous Milk Fat (HS 040590) |
|
190 | 163 | 191 | 200 | 183 | 152 | -16,9% | Jan-Nov 2024 | |
| Cheese (HS 0406) |
|
327 | 358 | 340 | 374 | 342 | 337 | -1,5% | Jan-Nov 2024 | |
| WMP (whole milk powder - HS 040221+040229) |
|
1.533 | 1.617 | 1.328 | 1.366 | 1.218 | 1.227 | +0,8% | Jan-Nov 2024 | |
| SMP (skimmed milk powder - HS 040210) |
|
356 | 326 | 357 | 451 | 402 | 390 | -3,1% | Jan-Nov 2024 | |
| Whey powder (HS 0404) |
|
87 | 97 | 83 | 90 | 82 | 107 | +31,0% | Jan-Nov 2024 | |
| Casein (HS 350110) |
|
50 | 63 | 61 | 54 | 48 | 50 | +3,8% | Jan-Nov 2024 | |
| Caseinates (HS 350190) |
|
36 | 33 | 32 | 30 | 27 | 29 | +8,5% | Jan-Nov 2024 | |
| Lactose pharmaceutical (HS 170211) |
|
26 | 24 | 28 | 28 | 26 | 23 | -12,1% | Jan-Nov 2024 | |
| Infant milk formula (HS 190110) |
|
101 | 88 | 91 | 80 | 72 | 87 | +20,4% | Jan-Nov 2024 | |
| Fat-Filled Milk Powder (FFMP) (HS 190190) |
|
74 | 59 | 59 | 55 | 52 | 42 | -19,8% | Jan-Nov 2024 | |
| Whey Protein Isolate (WPI) (HS 350220) |
|
21 | 27 | 22 | 23 | 21 | 25 | +20,1% | Jan-Nov 2024 | |
| IMPORT | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| Whey powder (HS 0404) |
|
22 | 12 | 12 | 11 | 10 | 8,0 | -22,5% | Jan-Nov 2024 | |
| Lactose pharmaceutical (HS 170211) |
|
122 | 104 | 99 | 89 | 80 | 93 | +15,5% | Jan-Nov 2024 | |
| Cheese (HS 0406) |
|
10 | 11 | 10 | 14 | 13 | 8,5 | -37,1% | Jan-Nov 2024 | |
| DOMESTIC CONSUMPTION (Source: FAS-USDA) | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| Cheese | 38 | 38 | 39 | 40 | 40 | 40 | 0,0% | Jan-Dec 2024 | Butter | 30 | 31 | 32 | 32 | 32 | 32 | 0,0% | Jan-Dec 2024 | SMP | 14 | 15 | 15 | 15 | 15 | 15 | 0,0% | Jan-Dec 2024 | WMP | 18 | 18 | 18 | 18 | 18 | 18 | 0,0% | Jan-Dec 2024 |
| PER CAPITA CONSUMPTIONS (kg) | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
| Cheese | 7,50 | 7,44 | 7,60 | 7,73 | ||||||
| Butter | 5,92 | 6,07 | 6,24 | 6,19 | ||||||
| SMP | 2,76 | 2,94 | 2,92 | 2,90 | ||||||
| WMP | 3,55 | 3,52 | 3,51 | 3,48 | ||||||
| SOCIO-ECONOMIC INDICATORS | 2020 | 2021 | 2022 | 2023 | 2023 | 2024(f) | % | Period | ||
| Population ('000) | 5.070 | 5.108 | 5.132 | 5.173 | ||||||
| GDP per capita (U.S. dollars) | 41.309 | 48.779 (e) | 47.208 (e) | 48.827 (e) | ||||||
| GDP per capita (€) * | 36.142 | 41.242(e) | 44.830(e) | 45.156(e) | ||||||
NOTE
1) Dairy Season: June 1st - May 31th
a) Average excludes Northland, Taranaki and Wellington/Hawkes Bay
(f): forecast
** Average Dairy Company total payout. From 2009/10 average dairy co-operative payout is from Fonterra, Tatua, and Westland. This includes Fonterra dividend payments.
- Per capita consumptions are obtained dividing total consumption (Source FAS-USDA ) by the population (Source FAO)
(e): estimated
* Per capita GDP in Euro is calculated by using the yearly average exchange rate
Source:
Raw material area: Milk production: Dcanz; Number of cows, Average litres per cow, milksolids, milkfat and protein: Lic; Farm-gate milk prices: LTO NEDERLAND
Dairy production: FAS-USDA
Import/Export: Stat.nz
Consumption: FAS-USDA
GDP per capita: International Monetary Found
Population: FAO
Last update: 31-12-2024
1) Dairy Season: June 1st - May 31th
a) Average excludes Northland, Taranaki and Wellington/Hawkes Bay
(f): forecast
** Average Dairy Company total payout. From 2009/10 average dairy co-operative payout is from Fonterra, Tatua, and Westland. This includes Fonterra dividend payments.
- Per capita consumptions are obtained dividing total consumption (Source FAS-USDA ) by the population (Source FAO)
(e): estimated
* Per capita GDP in Euro is calculated by using the yearly average exchange rate
Source:
Raw material area: Milk production: Dcanz; Number of cows, Average litres per cow, milksolids, milkfat and protein: Lic
; Farm-gate milk prices: LTO NEDERLAND
Dairy production: FAS-USDA
Import/Export: Stat.nz
Consumption: FAS-USDA
GDP per capita: International Monetary Found
Population: FAO
Last update: 31-12-2024